All Forum Posts by: Todd Goedeke

@Collin Hays read up on cost segregation to understand how you can depreciate 35%+ the first year of STVR operation and use excess write offs to offset other income because of material participation.

@Jon Purkey your question or inquiry already exists for passive investors in the form of a triple net lease. Passive investor/ owner of property leases property to a second party/ management company via a long term lease. Lease terms may include income escalators. Lease length may be as long as 20-30 years. Management company pays for taxes, insurance and maintenance. Management company pays for all furniture and furnishings.

@Patryk Klasa if you can open a part time business or are currently self employed you can open a Solo 401k which has investment tax advantages over an IRA.

@aj 

@AJ Wong do you know of any app or software one can use to keep track of material participation hours?  Particularly interested where an investor is involved in new construction as a co-project manager and tracking their hours on the job site as well as off site management activities( managing subs, permits, financing,etc)

@Andrew Steffens tell us where the increased utilities are from a party for 3 hours? Electricity, or heat ,no.

@Aaron Zimmerman many investors in short term vacation rentals properties don t need to have the “proper temperament” if they are truly passive investors after the first year of ownership. After first year they can triple net lease the property with no need to have hospitality management skills while still getting massive cost segregation benefits to offset W-2 or business income.

@Kate Stoermeravoid run ins by not buying or building a hospitality business in a residential neighborhood. Vacation rentals should be placed in neighborhoods for hospitality business.

If I have a pool party I should not be told by a bunch of Karens that I can t have one at 6 pm at night.

@Ian Tyndall you should have thought of that when you decided to run a hospitality business in a residential neighborhood.

Many people buy or build short term vacation rentals in vacation areas not residential neighborhoods.

@John Sprague choose a southern beach location, within a mile of a beach, to capture months of April thru September tourist vacation traffic.

You would be ideal for turning your property over to a management company on a double or triple net lease basis for those 9 months you are not there.

@Andrew Steffenswhat extra wear and tear is there from having extra guests sit on a chair or a couch. Regarding utilities , do you think people are showing up to take showers! The same amount of electricity and heat is used whether there is 6 people or 16 people in the house.

It’s not the guest’s fault you are carrying on a business in a residential neighborhood.